EzRemit signs agreement with National Bank of Pakistan

Press release
Published October 2nd, 2011 - 12:15 GMT

EzRemit, part of BFC Group Holdings, a leading provider of reliable global money transfer services, today announced a ground breaking strategic agreement with National Bank of Pakistan (NBP), the largest commercial bank operating in Pakistan. This deal adds more than 1,200 NBP branch locations to the EzRemit distribution network, adding to its growing network of correspondent banks and agents worldwide. 

“Pakistan represents one of our key markets as the number of Pakistani expats in the region continues to grow steadily.  Linking up with National Bank of Pakistan represents yet another strategic step towards realizing our vision to increase our global footprint over the next five years. With this agreement in place, we are now able to better serve our customer base across the region, which has seen steady growth in remittance flow over the past few years.” Said Ebrahim Nonoo, Managing Director & CEO of EzRemit. 

Established by NBP, the Global Home Remittances Group,  is a dedicated centre to serve expatriate remittances flowing into Pakistan, and is one amongst the various initiatives taken by NBP to increase the flow of remittances into the country through its network. The group which is headed by Khalid Bin Shaheen, a seasoned banker for over thirty years, has adopted cutting edge technology to enhance service delivery and has introduced many value added services to remittance customers such as, SMS confirmation facilities and dedicated remittance centres. 

Owned by the Government of Pakistan, NBP has the largest and most reliable branch network with over 1268 branches across Pakistan and an extensive international network providing services to its customers across the globe.  “NBP has worked diligently to effectively facilitate inward remittances in a convenient and efficient manner. This new agreement with EzRemit is  the latest step in our strategy to simplify and streamline the process for Pakistani expats to remit money back home to their families,”  said Khalid Bin Shaheen. 

In Bahrain, EzRemit’s money transfer services can be availed at any of BFC’s twenty five, strategically located shops in the Kingdom. In addition to BFC, other agents providing EzRemit services to send remittance to Pakistan and across the globe include, Arab Exchange Company (AREXCO), Bahrain India International Exchange Co.BSC and BEX Money Bahrain Express Exchange. 

Launched in 2003, with a mission to provide fast, affordable and secure remittance service to customers, EzRemit has been able to carve a niche in the remittance market due to its fast and reliable services, matched with competitive rates. EzRemit has over 700 remittance centres in over 51 countries, with more than 23,500 locations.

Background Information

BFC Group Holdings

Bahrain Financing Company (BFC) is the leading Money Transfer and Currency Exchange company in the Kingdom of Bahrain. Whether you’re sending money home to your loved ones or going on holiday and need foreign currency, we have your Money Transfer and Currency Exchange needs covered.

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